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Information Relating to the Consolidated Statement of Cash Flows (Tables) | 6 Months Ended
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Jun. 30, 2023
Supplemental Cash Flow Elements [Abstract] |
Schedule of Information Relating to Consolidated Statement of Cash Flows |
| Six Months Ended June 30
| 2023 |  | 2022
| (Millions of dollars)
Distributions more (less) than income from equity affiliates included the following: |  |
Distributions from equity affiliates | $ | 1,476 |  |  | $ | 1,386 |
(Income) loss from equity affiliates | (2,828) |  |  | (4,552) |
Distributions more (less) than income from equity affiliates | $ | (1,352) |  |  | $ | (3,166) |
Net decrease (increase) in operating working capital was composed of the following:
Decrease (increase) in accounts and notes receivable | $ | 1,205 |  |  | $ | (8,625) |
Decrease (increase) in inventories | (951) |  |  | (789) |
Decrease (increase) in prepaid expenses and other current assets | (1,406) |  |  | (479) |
Increase (decrease) in accounts payable and accrued liabilities | (531) |  |  | 8,219 |
Increase (decrease) in income and other taxes payable | (3,265) |  |  | 1,269 |
Net decrease (increase) in operating working capital | $ | (4,948) |  |  | $ | (405) |
Net cash provided by operating activities included the following cash payments:
Interest on debt (net of capitalized interest) | $ | 232 |  |  | $ | 262 |
Income taxes | 6,616 |  |  | 4,414 |
Proceeds and deposits related to asset sales and returns of investment consisted of the following gross amounts: |  |  |
Proceeds and deposits related to asset sales | $ | 171 |  |  | $ | 1,263 |
Returns of investment from equity affiliates | 153 |  |  | 1,086 |
Proceeds and deposits related to asset sales and returns of investment | $ | 324 |  |  | $ | 2,349 |
Net sales (purchases) of marketable securities consisted of the following gross amounts:
Marketable securities purchased | $ | (287) |  |  | $ | (7) |
Marketable securities sold | 196 |  |  | 6 |
Net sales (purchases) of marketable securities | $ | (91) |  |  | $ | (1) |
Net repayment (borrowing) of loans by equity affiliates consisted of the following gross amounts: |  |  |
Borrowing of loans by equity affiliates | $ | (222) |  |  | $ | (20) |
Repayment of loans by equity affiliates | 33 |  |  | 49 |
Net repayment (borrowing) of loans by equity affiliates | $ | (189) |  |  | $ | 29 |
Net borrowings (repayments) of short-term obligations consisted of the following gross and net amounts: |  |  |
Proceeds from issuances of short-term debt obligations | $ | — |  |  | $ | — |
Repayments of short-term debt obligations | — |  |  | — |
Net borrowings (repayments) of short-term debt obligations with three months or less maturity | (104) |  |  | 36 |
Net borrowings (repayments) of short-term obligations | $ | (104) |  |  | $ | 36 |
Net contributions from (distributions to) noncontrolling interests consisted of the following gross amounts: |  |  |
Distributions to noncontrolling interests | $ | (9) |  |  | $ | (36) |
Contributions from noncontrolling interests | 6 |  |  | — |
Net contributions from (distributions to) noncontrolling interests | $ | (3) |  |  | $ | (36) |
Net sales (purchases) of treasury shares consisted of the following gross and net amounts: |  |  |
Shares issued for share-based compensation plans | $ | 181 |  |  | $ | 5,452 |
Shares purchased under share repurchase and deferred compensation plans | (8,128) |  |  | (3,755) |
Net sales (purchases) of treasury shares | $ | (7,947) |  |  | $ | 1,697 |
Capital Expenditures | The components of “Capital expenditures” are presented in the following table:
| Six Months Ended June 30
| 2023 |  | 2022
| (Millions of dollars)
Additions to properties, plant and equipment | $ | 6,571 |  |  | $ | 4,028 |
Additions to investments | 166 |  |  | 831 |
Current-year dry hole expenditures | 58 |  |  | 116 |
Payments for other assets and liabilities, net | — |  |  | 169 |
Capital expenditures | $ | 6,795 |  |  | $ | 5,144 |
Schedule of Cash and Cash Equivalents | The table below quantifies the beginning and ending balances of restricted cash and restricted cash equivalents in the Consolidated Balance Sheet:
| At June 30 |  | At December 31
| 2023 |  | 2022 |  | 2022 |  | 2021
| (Millions of dollars) |  | (Millions of dollars)
Cash and cash equivalents | $ | 9,292 |  |  | $ | 12,029 |  |  | $ | 17,678 |  |  | $ | 5,640 |
Restricted cash included in “Prepaid expenses and other current assets” | 234 |  |  | 524 |  |  | 630 |  |  | 333 |
Restricted cash included in “Deferred charges and other assets” | 874 |  |  | 803 |  |  | 813 |  |  | 822 |
Total cash, cash equivalents and restricted cash | $ | 10,400 |  |  | $ | 13,356 |  |  | $ | 19,121 |  |  | $ | 6,795 |
Restrictions on Cash and Cash Equivalents | The table below quantifies the beginning and ending balances of restricted cash and restricted cash equivalents in the Consolidated Balance Sheet:
| At June 30 |  | At December 31
| 2023 |  | 2022 |  | 2022 |  | 2021
| (Millions of dollars) |  | (Millions of dollars)
Cash and cash equivalents | $ | 9,292 |  |  | $ | 12,029 |  |  | $ | 17,678 |  |  | $ | 5,640 |
Restricted cash included in “Prepaid expenses and other current assets” | 234 |  |  | 524 |  |  | 630 |  |  | 333 |
Restricted cash included in “Deferred charges and other assets” | 874 |  |  | 803 |  |  | 813 |  |  | 822 |
Total cash, cash equivalents and restricted cash | $ | 10,400 |  |  | $ | 13,356 |  |  | $ | 19,121 |  |  | $ | 6,795 |

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